Pakistan launches tender for six spot LNG cargoes

State-owned Pakistan LNG has released a tender inviting firms to submit bids for a total of six shipments for delivery in October and December.

Pakistan LNG offered six windows for the cargo deliveries and the tender closes on June 20, according to a document released on June 13.

The delivery windows include October 5-6, October 20-21, October 31, December 7-8, December 13-14, and December 24-25.

Pakistan LNG is seeking 140,000-cbm cargoes on a delivered ex-ship (DES) basis.

Also, the potential tender winner(s) will deliver the cargoes to the FSRU BW Integrity serving Pakistan GasPort’s terminal in Port Qasim, Karachi, or the Energo Elengy facility.

Besides this tender, Pakistan LNG also launched another tender later on Tuesday for three spot cargoes with delivery over January-February 2024.

The delivery windows include January 3-4, January 28-29, and February 23-24.

This tender closes on July 14.

Pakistan LNG has not issued a tender for cargoes since August last year.

In October last year, Pakistan LNG said it had received no offers for its tender seeking bids for a total of 72 LNG shipments.

Prior to that, it received no bids in July for a tender seeking ten spot cargoes.

Pakistan gets most of its supplies under long-term contracts from Qatar and on the spot market, however, last year prices surged and Europe took most of the available spot supplies.

Spot prices dropped considerably this year, prompting Pakistan and other Asian countries such as Bangladesh to return to buying spot LNG.

The JKM for July settled at $9.265 per MMBtu on Monday.

(Article updated to include a tender for three January-February 2024 cargoes.)

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

More News Like This

Azerbaijan, Pakistan extend LNG supply deal

State-owned Pakistan LNG and Azerbaijan’s Socar agreed to extend their existing liquefied natural gas (LNG) supply and purchase deal.

Excelerate: Pakistan FSRU wraps up 600th STS LNG transfer

The 150,900-cbm FSRU Exquisite, jointly owned by US FSRU player Excelerate Energy and Qatari LNG shipping giant Nakilat, has...

Gunvor, Pakistan settle LNG supply dispute

Geneva-based energy trader Gunvor has resolved a dispute with state-owned Pakistan LNG over issues related to contracted LNG supplies. "Gunvor...

OQ Trading submits lowest bid in Pakistan LNG tender

Oman’s state-owned firm OQ Trading has submitted the lowest bid in a tender to supply Pakistan with one spot...